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Tag: bull

The bull market is in the 'bottom of the ninth inning,' says a strategist who called the rally

The bull market is in the 'bottom of the ninth inning,' says a strategist who called the rally

Finance
A Wall Street portfolio strategist who urged investors to believe the rally is now predicting the bull market's eventual demise — and it has nothing to do with Washington politics.Joe Zidle, of Richard Bernstein Advisors, is arguing that the bull market has entered the bottom of the ninth inning."This is a late-cycle environment," Zidle said on CNBC's "Futures Now" recently."In innings terms, they're not time dependent. An inning could be shorter or they could be longer. It just really depends," the strategist said. However, that doesn't necessarily mean investors should consider taking cover quite yet."Being in the ninth inning doesn't mean that we're in immediate risk of seeing this bull market rollover or end. We think it could go on still for quite some time just based on the fundament
Investors call the end of the government-bond bull market (again)

Investors call the end of the government-bond bull market (again)

Finance
FOR the umpteenth time in the past decade, a great turning-point has been declared in the government-bond market. Bond yields have risen across the world, including in China, where the yield on the ten-year bond has come close to 4% for the first time since 2014. The ten-year Treasury-bond yield, the most important benchmark, has risen from 2.05% in early September to 2.37%, though that is still below its level of early March (see chart).Investors have been expecting bond yields to rise for a while. A survey by JPMorgan Chase found that a record 70% of its clients with speculative accounts had “short” positions in Treasury bonds—ie, betting that prices would fall and that yields would rise. Meanwhile a poll of global fund managers by Bank of America Merrill Lynch (BAML) in October found th
Protester who admitted to vandalizing iconic Wall Street bull is arrested

Protester who admitted to vandalizing iconic Wall Street bull is arrested

Finance
A woman who told CNBC she dumped blue paint on the iconic Wall Street bull to protest President Donald Trump's rejection of the Paris climate agreement has been arrested. Courtney Fallon, 33, has been charged with making graffiti and criminal mischief, the New York Police Department said Friday. The NYPD told CNBC on Thursday they found blue paint poured over the bull's head and a sash stating "Draw The Blue Line" around the "Fearless Girl" statue across from the bull. "Draw the Blue Line" is the name of the group protesting Trump's decision.Fallon told CNBC in an email on Thursday she is trying to cover New York City and the world with horizontal blue lines that represent rising sea levels. She wants to grab the attention of the UN General Assembly, which is meeting in New York this month...